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Aayan earnings falls 49.4% in FY14

Aayan earnings falls 49.4% in FY14
Photo Credit: Arabianeye-Reuters
AAYAN
AAYAN
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Aayan Leasing and Investment Company issued its financial statements of the year 2014, with results plunging by 49.4%.

Aayan posted a net profit of KWD 9.75 million (about $32.8 million) in 2014, compared to KWD 19.26 million (about $64.9 million) in 2013.

Earnings of the investment firm stood at around KWD 200,000 in Q4-2014, compared to around KWD 13,000 in Q4-2013.

The Board of Directors has recommended no dividends for FY-2014.